News

The yellow metal is roaring back on global financial markets. Driven by renewed safe-haven demand and fresh U.S. inflationary pressures (with CPI surging to 3.7%), gold has surpassed the key threshold of $4,180 per troy ounce (~€120/gram).
Recent turbulence in stock markets and mounting uncertainty over central bank moves have triggered a genuine flight to capital protection. Despite the consolidation that followed earlier all-time highs this year, the bullish momentum remains exceptionally strong. Analysts are now closely watching resistance near the $4,200 level.

[Source: XTB Market Analysis]

After shattering every historical record earlier this year by nearing $5,600 per ounce, gold is currently trading around the $4,100–$4,200 level. The record-breaking run was temporarily slowed by a surge in US Treasury yields and a strong US dollar, which prompted many investors to lock in profits. However, analysts see no signs of a structural downturn: strategists at JP Morgan and other leading investment banks view the current retreat as a healthy consolidation, maintaining their year-end targets toward $6,000. Providing a solid floor against any steep decline is sustained physical demand from emerging market central banks—eager to de-dollarize their reserves—alongside a fragmented geopolitical landscape that continues to drive demand for bullion as the ultimate safe haven.

[Source: J.P. Morgan]

Caution prevailed during the trading session for gold, which traded in the $4,110 – $4,120 per ounce range. Following a prolonged rally and reaching recent record highs, the precious metal recorded a very modest pullback (-0.3%), stabilizing within a wait-and-see channel. Market participants’ caution is primarily focused on the upcoming US inflation readings (CPI) and interest rate signals. The prospect of interest rates remaining elevated for longer (“higher for longer” scenario) increases the opportunity cost of holding a non-yielding asset like gold.

[Source: Sterlina Oro]